BOART LONGYEAR LIMITED – BLY
Trade still Open

BLY Short Trade
The reasons for taking this trade, were simple. First we are trading with the trend and second, its about the price. Using the TradingLevels® we saw the market was under 0.50, meaning the market was under the closest, largest number, not above and this represents a form of weakness. The market had also retested at 0.50 and failed which was also supported by the volume. The actual trade set up and signal was managed by our CFD Trading System called Robo 2 which is a mechanical approach, simply overlayed on reading the market as we read the market using price and volume.